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Global Nut Products Market 2023 Business Statistics, Industry Share, Latest Trends And Forecast To 2032 | Major Players Are Olam International, Barry Callebaut, Blue Diamond Growers, Kerry Group plc, Zentis Group
Nut Products Market
The Business Research Company's Nut Products Global Market Report 2023 identifies rising number of health-conscious people as the major driver for the Nut Products Market's growth in the forecast period. Health awareness is the knowledge and awareness of health, healthcare, medical needs, diseases, and preventive actions in general. Since there is a growing awareness of health and changing food preferences among consumers, there is a higher demand for nut products to provide many nutrients, antioxidants, and triglycerides.
The global nut products market is expected to grow from $3.71 billion in 2022 to $3.99 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the nut products market is expected to grow to $5.21 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the nut products market are Olam International, Barry Callebaut, Blue Diamond Growers, Kerry Group plc, Zentis Group, Mount Franklin Foods LLC, Mandelin Inc., Besana, Lubeca, Puratos, Almendras Llopis SA, Kanegrade Ltd., Moll Marzipan GmBH, Kondima Engelhardt GmbH & Co. KG, Treehouse Almonds, Royal Nut Company, and CSM Group Inc.
A key trend in the Nut Products Market includes Innovative products. The companies are increasingly focusing on bringing new innovative products into the market. For instance, in August 2022, Beech-Nut Nutrition Company, a Switzerland-based food production company that provides baby food products, launched a New Veggie-Forward Crispeas Snack in a novel snack form for toddlers and older kids. Crispeas are made by using a new format, the peas are converted into puffed pea mini sticks that have a crunchy texture with a savory, delicious flavor. This new snack innovation makes it simpler for parents to include fruits and vegetables in their kids' diets and it is non-GMO, gluten-free, and grain-free. Crispeas are the latest innovation added to Beech-Nut's snack portfolio, which also includes melties, mini-waffles with hidden veggies, and fruity oat bars.
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The Nut Products Market is segmented -
By Product Type: Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts, Nut Flour
By Nut Type: Almonds, Hazelnuts, Walnuts, Cashews, Peanuts, Pistachios
By Form: Roasted Form, Unroasted Form
By Category: Organic, Conventional
By Application: Industrial Food Manufacturers, Chocolate Confectionery Products, Bakery Products, Ice Cream and Frozen Desserts, Cereals and Snack Bars, Beverages, Savoury Products, Foodservice & Bakeries, Bakery Shops
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Nut Products Market.
The Business Research Company's "Global Nut Products Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Nut Products Market Include:
1. Executive Summary
2. Nut Products Market Characteristics
3. Nut Products Market Trends And Strategies
4. Nut Products Market - Macro Economic Scenario
5. Nut Products Market Size And Growth
……
26. Africa Nut Products Market
27. Nut Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nut Products Market
29. Nut Products Market Future Outlook and Potential Analysis
30. Appendix
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